Spices & Seasonings Market Set to Achieve $30.35 Billion Valuation by 2031
The Spices & Seasonings Market is projected to grow to $30.35 billion by 2031, with a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031.n
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Spices & Seasonings Market Set to Achieve $30.35 Billion Valuation by 2031
Spices & Seasonings Market 2024-2031 Meticulous Research , a leading global market research firm, has released a new report titled, "Spices & Seasonings Market Size, Share, Forecast, & Trends Analysis by Product Type (Spices {Pepper, Cinnamon, Turmeric}, Herbs {Oregano, Rosemary}, Salt & Salt Substitutes), Category (Organic), Form (Powder), Distribution Channel - Global Forecast to 2031." Download Free Sample Report: https://www.meticulousresearch.com/download-sample- report/cp_id=5937?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_ content=25-06-2024 According to this latest publication, the global spices & seasonings market is poised to reach $30.35 billion by 2031, growing at a compound annual growth rate (CAGR) of 5.3% from 2024 to 2031. The market's expansion is primarily fueled by the increasing demand for convenience foods, the rising popularity of vegetarian and vegan diets, and the growing appetite for spicy food products. However, the proliferation of counterfeit spice products poses a significant challenge to market growth. Key market drivers include the increasing focus on health and wellness, with a growing demand for organic spices and seasonings offering substantial growth opportunities. Additionally, the rising popularity of ethnic and exotic flavors is a prominent trend shaping the market. Key Players: Prominent players in the spices & seasonings market include: McCormick & Company, Inc. (U.S.) Kerry Group plc (Ireland) D hler Group (Germany) Ajinomoto Co., Inc. (Japan) Associated British Foods plc (U.K.) ARIAKE JAPAN Co., Ltd. (Japan) Baron Spices Inc. (U.S.) SHS Group Limited (U.K.) Watkins Incorporated (U.S.) The Bart Ingredients Company (U.K.) Frontier Cooperative (U.S.) Market Segmentation: The spices & seasonings market is comprehensively segmented by product type, category, form, distribution channel, and geography to provide a detailed analysis: By Product Type: Spices (Pepper, Cardamom, Cinnamon, Ginger, Clove, Nutmeg & Mace, Turmeric, Coriander, Cumin, Chili, and Other Spices) Herbs (Oregano, Basil, Thyme, Parsley, Mint, Rosemary, Fennel, and Other Herbs) Page 1 of 3 Meticulous Research| sales@meticulousresearch.com
Spices & Seasonings Market 2024-2031 Salt & Salt Substitutes In 2024, the spices segment is expected to hold the largest market share at 55.0%, driven by increasing awareness of health benefits, demand for diverse flavors in processed foods, and rising interest in functional foods. Browse in Depth: https://www.meticulousresearch.com/product/spices-and-seasonings- market- 5937?utm_source=pdf&utm_medium=social&utm_campaign=product&utm_content=25- 06-2024 By Category: Conventional Organic The organic segment is projected to register a higher CAGR during the forecast period, fueled by a growing number of health-conscious consumers, increasing demand for organic products, sustainability trends, and government support for organic food production. By Form: Whole Crushed Powder In 2024, the powder segment is expected to dominate the market, attributed to its ease of use, versatility in mixing with other ingredients, and extended shelf life. By Distribution Channel: Food Service Retail The retail segment is projected to grow at a higher CAGR, driven by the rise of e-commerce, online grocery shopping, and the increasing preference for home-cooked meals. By Geography: North America Europe Asia-Pacific Latin America Middle East & Africa Page 2 of 3 Meticulous Research| sales@meticulousresearch.com
Spices & Seasonings Market 2024-2031 Europe is anticipated to register the highest CAGR during the forecast period, spurred by the rising popularity of exotic cuisines, demand for organic and natural products, and a preference for home-cooked meals. Quick Buy: https://www.meticulousresearch.com/Checkout/83943249?utm_source=pdf&utm_mediu m=social&utm_campaign=product&utm_content=25-06-2024 About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to details. With the meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 3 of 3 Meticulous Research| sales@meticulousresearch.com
